Samourai Wallet crypto-currency mixing service co-founder arrested for money laundering
According to The Block, the co-founders of the encrypted coin-mixing service, Samourai Wallet, have been arrested. Prosecutors allege that they laundered $100 million from Silk Road and other illegal markets. On Wednesday, Samourai CEO Keonne Rodriguez and CTO William Lonergan Hill were charged with operating the Samourai wallet.Prosecutors claim that Samourai is an unlicensed money transfer company that participated in "over $2 billion in illegal transactions and provided over $100 million in money laundering transactions for illegal dark web markets, including Silk Road." Rodriguez was arrested on Wednesday morning and will face trial in Pennsylvania.Hill was reportedly arrested in Portugal, and the US is seeking extradition. Prosecutors say that Samourai's network servers and domain name have also been seized, and the app can no longer be downloaded from the US Google Play store. Rodriguez and Hill are charged with money laundering and unlicensed money transmission, with maximum sentences of 20 years and 5 years, respectively.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Rosfinmonitoring reported when the Transparent Blockchain will be connected to banks

Survey: 80% of Investors Bought 'Presidential' Memcoins TRUMP, CAR, and LIBRA

Yesterday, the U.S. spot Ethereum ETF had a net outflow of $8.9 million
OpenSea CEO: Trying to classify NFTs as securities would be a step backwards
Trending news
MoreCrypto prices
More








